The Power of Tokenization: How Tokens Benefit Assets

Published on: Mar 13, 2018 - 9:18 AM

Source: Live Bitcoin News

There is nothing new in a token serving as a representation of an asset with certain value. We can take subway tokens or casino chips for example. In this case, tokens represent money we pay for using public transport or put at stake while gambling. But the money is a kind of token too as its face value exceeds the cost of production. Taking this into account, the tokenization is by no means a new phenomenon, but the blockchain technology does give a new impulse to the process. People buy many different assets, like stocks or gold, in order to invest their money rather than to use the assets d …